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Ascent Solar Technologies, Inc. (NASDAQ:ASTI) (BSX:AKC) today
announced that it has been selected by the U.S. Air Force to develop
an innovative flexible thin film tandem solar cell with the goal of
demonstrating thin film photovoltaic efficiencies of 20%.
Tandem solar cells are a combination of two cells stacked atop one
another, with the top and bottom cells gathering energy from separate
parts of the solar spectrum. Tandem cells require two solar cells that
not only have the desired electrical and optical properties, but must
also share compatible manufacturing processes. The program will be
performed under a phase one Small Business Innovative Research
contract.
Ascent Solar Vice President and Chief Technology Officer Dr.
Joseph Armstrong stated, "This important Air Force program builds upon
significant work already performed by Ascent Solar personnel in the
area of wide bandgap thin-film photovoltaic technology. In particular,
this program will demonstrate the ability to make solar cells using a
new material system that has the potential to serve as the top cell of
a new and innovative tandem solar cell configuration on which Ascent
Solar has been working. It's like putting two efficient technologies
in a hybrid car, each with its own strengths, but performing better
together than either one individually. We are delighted that the U.S.
Air Force selected Ascent Solar to work with it in this exciting and
promising technology area."
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of
state-of-the-art, thin-film photovoltaic modules and is located in
Littleton, Colorado. Please visit our website for additional
information at www.ascentsolar.com.
Statements in this press release that are not statements of
historical or current fact constitute "forward-looking statements."
Such forward-looking statements involve known and unknown risks,
uncertainties and other unknown factors that could cause the Company's
actual operating results to be materially different from any
historical results or from any future results expressed or implied by
such forward-looking statements. In addition to statements that
explicitly describe these risks and uncertainties, readers are urged
to consider statements that contain terms such as "believes,"
"belief," "expects," "expect," "intends," "intend," "anticipate,"
"anticipates," "plans," "plan," to be uncertain and forward-looking.
The forward-looking statements contained herein are also subject
generally to other risks and uncertainties that are described from
time to time in the Company's filings with Securities and Exchange
Commission.
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